Moody's Rating for Synutra International

MOODY'S ANALYTICS RISK SCORE

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Moody’s Daily Credit Risk Score is a 1-10 score of a company’s credit risk, based on an analysis of the firm’s balance sheet and inputs from the stock market. The score provides a forward-looking, one-year measure of credit risk, allowing investors to make better decisions and streamline their work ow. Updated daily, it takes into account day-to-day movements in market value compared to a company’s liability structure.

Synutra International, Inc. engages in the production, distribution, and sale of dairy based nutritional products. The company operates through the following segments: Nutritional Food, Nutritional Supplement, and Other Business. The Nutritional Food sells powdered infant and adult formula products, with major brands including Super, My Angel, and Dutch Cow, as well as prepared foods under the brand of Huiliduo. The Nutritional Supplement includes the production and sale of nutritional supplements such as chondroitin sulfate to third parties; and microencapsulated Docosahexanoic Acid (DHA) and Arachidonic Acid (ARA) to the nutritional food segment for use in powdered formula production. The Other Business covers non-core businesses such as ancillary sales of excess or unusable ingredients and materials to industrial customers; provision of genetic diagnostic services for new born babies; and retail of cosmetics to pregnant women. The company was founded by Liang Zhang in 1997 and is headquartered in Rockville, MD. .